Mining Review 28th April 2024
It’s been a busy week for our watchlist companies, with one deal disappearing as quickly as it came as Gold Road withdrew from the Greenstone Mines bid, and then Equinox Gold stepped in and took it for themselves.
G Mining Ventures announced a combination with Reunion Gold, based in Guyana.
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City Investors Circle Mining Review 28th April 2024
Gold and silver have had a poor week, but bounced and are now trading well off their respective lows.
Copper is still on a tear, as rumours of Chinese smelters being short of supplies abound.
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It’s been a busy week for our watchlist companies, with one deal disappearing as quickly as it came, as Gold Road withdrew from the Greenstone Mines bid, and then Equinox Gold stepped in and took it for themselves.
G Mining Ventures announced a combination with Reunion Gold, based in Guyana.
Colonial Coal have engaged Citigroup to act for them in their bid to find a buyer for their giant hard coking coal deposit in British Columbia. This is signifcant because Citigroup are involved in the recent activity regarding Tech and Glencore, and are well positioned to act in the sale of Colonial’s assets once the mega deals are done.
Ascot Resources reported the first gold pour at their Premier Gold mine in the Golden Triangle of British Columbia.
All the news from our watchlist companies is below, click on the links to be taken to the full story.
Equinox Gold Consolidates Ownership of the Greenstone Gold Mine
Calidus Resources positioned for a strong H2 FY2024
Ascot Resources Poured First Gold at The Premier Mine
Gold Road Ceasing Interest in Greenstone Gold Mines
G Mining Ventures and Reunion Gold Announced a business Combination
Global Mining Finance Spring Conference Line-up Announced
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Market Data
Weekly Price Changes
(US$ unless stated)
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| Metal Prices | 280424 | Weekly % Change |
| Gold price in UK £ | 1875 | -3.10% |
| Gold | 2338 | -2.26% |
| Silver | 27.21 | -5.16% |
| Palladium | 960 | -7.25% |
| Platinum | 930 | -0.75% |
| Rhodium | 4725 | -0.53% |
| Copper | 4.44 | 1.83% |
| Nickel | 8.55 | 1.06% |
| Zinc | 1.3 | 1.56% |
| Tin | 14.71 | -4.60% |
| Cobalt | 12.46 | 0.00% |
| Manganese | 3.31 | 0.00% |
| Lithium | 15111 | -0.11% |
| Uranium | 86.3 | -3.36% |
| Iron Ore | 118.8 | 2.06% |
| Coking Coal | 326 | 0.00% |
| Thermal coal | 134.3 | -3.03% |
| Metal ETFs | ||
| GLD | 216.62 | -2.00% |
| GDX | 34.58 | 1.50% |
| GDXJ | 42.39 | 0.47% |
| Sil | 31.95 | 1.72% |
| SILJ | 11.48 | 2.41% |
| GOEX (PCX) | 27.65 | -1.43% |
| URA | 29.5 | 2.32% |
| COPX | 47.52 | 3.35% |
| HUI | 269.13 | 2.44% |
| Gold / Silver ratio | 85.92429 | 3.06% |
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City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
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This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
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